Tengah Could 2023 BTO Evaluate
Among the many Could 2023 HDB BTO initiatives, a number of have generated some buzz. One in every of them is Parc Meadow BTO, which is situated subsequent to the brand new ACS (Main) campus. It has the shortest ready time among the many initiatives launched on this train.
However the Parc Meadow BTO isn’t the one venture launching within the city this spherical. Plantation Verge BTO, situated alongside Plantation Shut, can also be being put up for balloting on the identical time.
Be aware that on the software stage, you may solely select the flat sort and city/property, not the venture. You may solely select the venture if you’re invited to e-book a flat.
*On the lookout for options to the Tengah BTO? Try these not too long ago MOP-ed resale HDB initiatives close to the Could 2023 BTO.
Could 2023 Tengah HDB BTO: At a look
| Plantation Verge BTO | Parc Meadow @ Tengah BTO | |
| Location | Alongside Plantation Shut | Alongside Tengah Park Avenue and Tengah Park Stroll |
| Classification | Non-mature property | Non-mature property |
| Flat sorts and variety of models | 971
2-room Flexi (Sort 1): 52 2-room Flexi (Sort 2): 130 3-room: 88 4-room: 377 5-room: 324 |
1,985
2-room Flexi (Sort 1): 92 2-room Flexi (Sort 2): 354 3-room: 82 4-room: 791 5-room: 666 |
| Worth for a 4-room flat | S$350k – S$440k | S$363k – S$467k |
| Estimated ready time | 3 years 8 months | 3 years 1 month, 3 years 4 months |
| Estimated completion date | Q3 2027 | Q1 2027, Q2 2027 |
| Supply possession date | 31 Mar 2029 | 30 Sep 2028, 31 Dec 2028 |
| Nearest MRT | Tengah Park MRT | Tengah MRT |
| Notable facilities | Neighbourhood centre, Jurong Polyclinic, Jurong East Sports activities Centre | Bus interchange, neighbourhood centre with polyclinic, Tengah City Centre |
@99dotco Wish to dwell in Singapore’s first forest city? hyperlink in bio! 👀 #fypsingapore #fyp #singaporebto #sgtiktok #tiktoksg ♬ Hip Hop Background(814204) – Pavel
Could 2023 Tengah HDB BTO: Worth vary and estimated month-to-month instalments
Listed below are the value ranges for the respective initiatives.
Plantation Verge
| Flat sort | Worth vary |
| 2-room Flexi (Sort 1) | S$125,000 – S$155,000 |
| 2-room Flexi (Sort 2) | S$142,000 – S$178,000 |
| 3-room | S$238,000 – S$288,000 |
| 4-room | S$350,000 – S$440,000 |
| 5-room | S$454,000 – S$575,000 |
Parc Meadow @ Tengah
| Flat sort | Worth vary |
| 2-room Flexi (Sort 1) | S$127,000 – S$158,000 |
| 2-room Flexi (Sort 2) | S$165,000 – S$202,000 |
| 3-room | S$253,000 – S$309,000 |
| 4-room | S$363,000 – S$467,000 |
| 5-room | S$489,000 – S$607,000 |
Estimated downpayment, month-to-month instalments and earnings
Primarily based on these worth ranges, we are able to estimate the downpayment, month-to-month instalments and family earnings wanted to pay for the Could 2023 Tengah BTO flat. These estimates are based mostly on the next assumptions:
- An HDB mortgage is taken to maximise the 80% loan-to-value (LTV), given the most recent modifications in LTV
- The mortgage tenure is 25 years, with the present rate of interest of two.6%
- A stress-test charge of three% is used to calculate the Mortgage Servicing Ratio (MSR), which stipulates that as much as 30% of your month-to-month family earnings can be utilized to pay the month-to-month instalments
- There isn’t a different housing mortgage to service
As an example, we’ll use the median of the value vary and received’t be making an allowance for any CPF grants or financial savings for use.
Plantation Verge
| Flat sort | Median worth | Mortgage quantity (80%) | Downpayment (20%) | Estimated month-to-month instalment (with 2.6% rate of interest) | Estimated month-to-month family earnings (with 3% stress-test) |
| 2-room Flexi (Sort 1) | S$140,000 | S$112,000 | S$28,000 | S$508.11 | S$1,770.40 |
| 2-room Flexi (Sort 2) | S$160,000 | S$128,000 | S$32,000 | S$580.70 | S$2,023.30 |
| 3-room | S$263,000 | S$210,400 | S$52,600 | S$954.52 | S$3,325.80 |
| 4-room | S$395,000 | S$316,000 | S$79,000 | S$1,433.60 | S$4,995.03 |
| 5-room | S$514,500 | S$411,600 | S$102,900 | S$1,867.30 | S$6,506.17 |
Parc Meadow @ Tengah
| Flat sort | Median worth | Mortgage quantity (80%) | Downpayment (20%) | Estimated month-to-month instalment (with 2.6% rate of interest) | Estimated month-to-month family earnings (with 3% stress-test) |
| 2-room Flexi (Sort 1) | S$142,500 | S$114,000 | S$28,500 | S$517.18 | S$1,802.00 |
| 2-room Flexi (Sort 2) | S$183,500 | S$146,800 | S$36,700 | S$665.99 | S$2,320.47 |
| 3-room | S$281,000 | S$224,800 | S$56,200 | S$1,019.85 | S$3,553.43 |
| 4-room | S$415,000 | S$332,000 | S$83,000 | S$1,506.18 | S$5,247.93 |
| 5-room | S$548,000 | S$438,400 | S$109,600 | S$1,988.89 | S$6,929.80 |
Not sure in case you ought to take an HDB mortgage or a financial institution mortgage? Contact 99.co’s mortgage dealer to grasp which is greatest for you.
Could 2023 Tengah HDB BTO: Location and close by facilities
*Disclaimer: Strolling, public transport trip and driving durations are based mostly on Google Maps estimates. Precise instances could range.
Accessibility
We like that each Plantation Verge BTO and Parc Meadow BTO are situated round a five-minute stroll of an MRT. Each Tengah Park MRT and Tengah MRT stations are situated on the upcoming Jurong Area Line (JRL) and needs to be prepared from 2027 onwards, barring any delays.
Should you rely closely on public buses, you could discover the Parc Meadow BTO extra handy because it’s situated proper throughout the road from the upcoming bus interchange. This implies you could have extra bus routes to select from.
Each BTO initiatives are additionally inside attain of the PIE, making it extra handy for drivers. However this can be extra of a bane for these residing at Plantation Verge BTO. Because it’s situated alongside the PIE, it may be fairly noisy even when there might be a proposed park and a multi-storey automotive park appearing as a buffer.
Meals and retail facilities
Each Could 2023 Tengah BTO are inside simple attain of a neighbourhood centre, that are presently underneath development.
Notably, the Parc Meadow BTO is situated within the coronary heart of Tengah, so it’s additionally round a five-minute stroll from the Tengah City Centre. What’s extra, there might be outlets, an consuming home and a minimart inside the BTO.
In the meantime, the Plantation Verge BTO is situated on the southern fringe of Tengah, making it even nearer to Jurong East. Since it can take a while for extra facilities to be constructed up in Tengah, residents right here could discover this BTO extra conveniently situated as they’ll shortly head over to Jurong East for facilities that received’t be obtainable in Tengah but.
Faculties
Maybe what’s most tasty about this Could 2023 Tengah BTO is that the Parc Meadow BTO is situated proper subsequent to the brand new ACS (Main) campus that may transfer to the brand new city in 2030.
In any case, it’s very uncommon that now we have a brand new BTO situated subsequent to a well-liked major college.
A brand new SPED college will even be located subsequent to the varsity.
Apart from ACS (Main), there are a number of college plots inside a 1km radius of the BTO. However as of writing, we don’t have a lot particulars on these aside from Bukit View Main, which might be transferring to Bukit Batok West in 2027.
On the identical time, Plantation Verge BTO isn’t quick on college choices both. Firstly, Pioneer Main is round a five-minute stroll away (inside a 1km radius) from the BTO when it strikes to its new dwelling in Tengah in 2026.
Different major colleges inside 1km of Plantation Verge BTO embody:
- Princess Elizabeth Main
- Jurong Main
Apart from the first colleges above, the next colleges are situated close to the Plantation Verge BTO:
- Jurongville Secondary
- Bukit Batok Secondary
- Eden College
- Dulwich Faculty
- Millennia Institute
Each Plantation Verge BTO and Parc Meadow BTO may have a childcare centre inside the growth.
Could 2023 Tengah HDB BTO: What’s the potential worth appreciation?
As the latest HDB city, it can take a number of years for Tengah to be constructed up and for property costs right here to understand.
Some main developments that ought to assist worth progress right here embody the Jurong Innovation District close by, which is predicted to usher in 95,000 jobs.
Extra particularly, the Parc Meadow BTO is predicted to garner increased demand and costs in future, given its proximity to the brand new ACS (Main) campus. Those that die die need to enrol their youngsters into the varsity will need to purchase (or hire) a unit right here to extend their probabilities of getting a spot within the college.
As we’ve seen through the years, properties close to well-liked colleges are inclined to command a better premium. An NUS examine additionally found that faculty relocations have led to cost will increase within the new space. So, you may anticipate to promote your unit at a better worth after the Minimal Occupation Interval (MOP).
(Should you’re considering of preserving your unit to hire it out and improve to a non-public apartment, notice that there might be an added upfront value of ABSD, which is presently at 20% for Singaporeans shopping for their second dwelling.)
As Tengah continues to be being developed, we don’t have any resale worth knowledge right here.
So we’re simply going to have a look at the neighbouring areas of the BTO: Jurong East (which is close to Plantation Verge BTO) and Bukit Batok (which is close to Parc Meadow BTO).
Typically over the previous 10 years, 3-room HDB resale flats in Jurong East have seen a worth improve of seven.95%. That is decrease than the overall worth improve of 18.74% for the flat sort in non-mature estates. In the meantime, 3-room HDB flats in Bukit Batok have clocked an excellent increased improve of 19.73%, as there are a variety of resales of not too long ago MOPed flats, corresponding to West Crest @ Bukit Batok.
The upper worth improve in Bukit Batok is much more pronounced among the many 4-room and 5-room flats there, recording worth will increase of 31.03% and 38.46% respectively within the final decade.
In the meantime, 4-room and 5-room resale flats in Jurong East have seen a comparatively cheaper price improve (9.35% and 12.4% respectively), particularly when in comparison with the value appreciation for a similar flat sorts in non-mature estates (21.55% and 24.4% respectively).
Notably, the value will increase are the very best in 2020 to 2022, reaching double-digit growths for the three flat sorts.
Listed below are the typical resale costs in Jurong East to this point this 12 months, as of three Could 2023:
| Flat sort | Common worth psf | Common worth |
| 3-room | S$487 | S$372,034 |
| 4-room | S$458 | S$474,285 |
| 5-room | S$488 | S$642,994 |
HDB flats on the market in Jurong East
And listed below are the typical resale costs in Bukit Batok to this point this 12 months, as of three Could 2023:
| Flat sort | Common worth psf | Common worth |
| 3-room | S$540 | S$397,662 |
| 4-room | S$577 | S$585,806 |
| 5-room | S$618 | S$762,254 |
HDB flats on the market in Bukit Batok
Could 2023 Tengah HDB BTO: What are my probabilities of getting a queue quantity?
We might say it’s fairly excessive due to the excessive variety of flats supplied in Tengah, totalling 2,956 models. In comparison with the opposite estates on this launch, Tengah has the very best variety of flats obtainable for balloting. Plus, candidates making use of for a flat right here might be thought-about for models from each initiatives.
(However this additionally implies that you’ll solely have the ability to select your most well-liked venture if you’re invited to e-book a flat. And if you’ll have the ability to e-book a flat might be based mostly in your queue quantity.)
Let’s have a look at the appliance charges of the earlier launches close to the Could 2023 Tengah BTO. Backyard Waterfront I & II and Plantation Creek are close to the Plantation Verge BTO, whereas Parc Flora is close to the Parc Meadow BTO.
2-room Flexi software charges
The applying charge for first-timer households making use of for Parc Flora appears extra like an anomaly right here, with 12.0 candidates vying for every 2-room Flexi flat obtainable to them.
| BTO venture | Seniors | First-timer households | First-timer singles | Second-timer households |
| Backyard Waterfront I @ Tengah | 1.2 | 0.1 | 3.4 | 0.5 |
| Parc Flora @ Tengah | 3.1 | 12.0 | NA | NA |
3-room software charges
However typically, the appliance charges for first-timers making use of 3-room, 4-room and 5-room within the earlier launches close to the 2 initiatives had been comparatively low.
| BTO venture | First-timer households | Second-timer households |
| Backyard Waterfront I @ Tengah | 1.5 | 16.2 |
| Parc Flora @ Tengah | 2.5 | 8.5 |
4-room software charges
| BTO venture | First-timer households | Second-timer households |
| Backyard Waterfront I @ Tengah/ Backyard Waterfront II @ Tengah | 1.9 | 16.2 |
| Parc Flora @ Tengah/ Plantation Creek | 2.7 | 5.8 |
5-room software charges
| BTO venture | First-timer households | Second-timer households |
| Backyard Waterfront I @ Tengah/ Backyard Waterfront II @ Tengah | 2.6 | 35.2 |
| Parc Flora @ Tengah/ Plantation Creek | 3.7 | 10.1 |
Like most BTO launches, it’s more durable for second-timers to safe a queue quantity, with software charges reaching double digits for a lot of the flat sorts.
Nonetheless, with Parc Meadow BTO being situated proper subsequent to ACS (Main), we anticipate software charges to be barely increased than these within the earlier launches. Extra candidates might be keen to purchase a home close to the favored major college, with some hoping to promote it at a better worth when MOP comes round a decade later.
Will you apply for the Could 2023 Tengah HDB BTO? Tell us within the feedback part under.
Should you discovered this text useful, try our overview of the Could 2023 BTO initiatives and our in-depth evaluations:
